Compliance to legally required standards and practices should, one could think, be the minimal level of acceptable conduct in the enterprise today. The fact that so many organizations aggressively promote their status as being in full compliance with all industry standards, suggests that many companies consider the minimum level to be much lower – specifically, no compliance at all.
Our philosophy is simply that information security must protect the business objectives while supporting the business goals.
If you consider a spectrum of compliance, with zero compliance on one end and best practices that go above and beyond at the other, minimal compliance would fall somewhere in the middle. Where would your organization stand on that spectrum? Is your company’s compliance philosophy to meet the established standards and then to promote the heck out of that status? Or do you find opportunities to do more than that?
It’s essential to recollect that maximum requirements and practices constitute the product of prolonged negotiations among regulators pushing for better objectives and enterprise institutions and lobbyists pushing for what they don’t forget to be extra pragmatic ones. On that basis, these ‘compromised standards’ don’t regularly constitute the quality that a business can do.
- A framework will never be altogether secure. While the objective is to be as make sure about as could reasonably be expected, 100% security will never be reached, regardless of how much money is spent.
- Security is a response to threats, subsequently, develop your security as a threat advance
- Security is a trade-off between convenience and protection. Where you settle between these two relies upon numerous factors.
While civilians outside of your industry might assume that ‘compliance is compliance,’ the reality is often very different. Companies in financial difficulties may consider the cost of compliance to be something to be cut, and they’ll take the risk to do that. Others may consider the cost of investing in compliance products and processes beyond the required minimum to be a less attractive investment of capital than other opportunities. In both cases, the risk assumptions are probably based on seriously flawed data. If you don’t have a solid handle on your compliance practices, to begin with, how can you accurately quantify the risk you are taking?
Our GRC solutions can help you to create that solid handle on your internal processes and procedures and give you the accurate data you need at the time of audits. Our GRC application is built on industry best practices, you can manage every element of compliance under the different independent module. Valideur mitigates the risk of loss of version control, and the real-time dashboard provides up-to-the-minute status reports.
Small-sized businesses more often take a higher risk due to lack of investment and at the same time have to meet the compliance requirement by clients, regulators and to sustain their business among competitors. We have come up with a basic version that can cater to the entire life cycle of a single package for small businesses.